Zillow Q4 2019 Earnings Report
Key Takeaways
Zillow Group's Q4 2019 consolidated revenue grew by 158% and annual revenue grew 106%, driven by expansion within the Homes segment and growth in Zillow Group’s Premier Agent business. The company reported record Q4 and full year results that beat their outlook.
Fourth quarter consolidated revenue grew 158% year over year to a record $943.9 million.
Premier Agent year-over-year revenue growth continued to accelerate in the fourth quarter.
Fourth quarter 2019 Homes segment revenue significantly outperformed expectations, delivering $603.2 million in revenue.
Traffic to Zillow Group mobile apps and websites reached nearly 173 million average monthly unique users, an increase of 10% year over year, driving 1.8 billion visits during the quarter.
Zillow
Zillow
Zillow Revenue by Segment
Forward Guidance
Complete financial results and 2020 outlook for the first quarter and full year can be found in our shareholder letter and in the investor relations section of Zillow Group’s website
Revenue & Expenses
Visualization of income flow from segment revenue to net income